Alkeon Capital Management LLC Has $6.59 Million Stake in DLocal Limited (NASDAQ:DLO)

Alkeon Capital Management LLC reduced its stake in DLocal Limited (NASDAQ:DLO) by 81.9% in the 3rd quarter, Holdings Channel reports. The firm owned 823,837 shares of the company’s stock after selling 3,722,124 shares during the period. Alkeon Capital Management LLC’s holdings in DLocal were worth $6,591,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DLO. Quarry LP lifted its stake in shares of DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after buying an additional 3,599 shares during the last quarter. International Assets Investment Management LLC bought a new position in DLocal in the 3rd quarter worth $109,000. Ridgewood Investments LLC raised its holdings in DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after acquiring an additional 3,293 shares during the period. Krane Funds Advisors LLC acquired a new position in DLocal during the 2nd quarter worth $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in DLocal by 24.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after acquiring an additional 3,101 shares during the period. Institutional investors own 90.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DLO. Susquehanna dropped their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Bank of America lifted their price target on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, Barclays increased their price objective on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.61.

DLocal Stock Performance

Shares of NASDAQ DLO opened at $11.40 on Friday. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 3.29 and a beta of 0.74. DLocal Limited has a one year low of $6.57 and a one year high of $18.76. The business has a fifty day simple moving average of $9.09 and a 200 day simple moving average of $8.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. Sell-side analysts expect that DLocal Limited will post 0.47 EPS for the current year.

DLocal Profile

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.